2aguy
Diamond Member
- Jul 19, 2014
- 112,162
- 52,413
- 2,290
This is a description of what we are looking at if the democrats win in 2020 or beyond...
https://www.americanthinker.com/art...and_that_democrats_will_destroy_america_.html
The Green New Deal, renewed regulations, Medicare for All, free college, as well as the 70-90% tax rates proposed by Democrats, will tank the stock market and US economic growth, leading to higher unemployment and reduced wage gains. All these programs require higher taxes and not just the soak the rich fantasy of the 70-90% rates. Most of the Democratic candidates have pledged to roll back the 2017 Republican tax cuts that fueled the renewal of economic growth in the US.
Open borders will flood the US with poverty stricken immigrants and their competition for jobs will depress wages. The social welfare needs of the immigrants will skyrocket government expenditures. So while taxes receipts are falling due to slower economic growth rates, expenditures will be rising, leading to increased government debt and consequently higher interest rates. If the Federal Reserve tries to keep interest rates low to prevent a deepening recession, then the increase in the money supply and the expanding deficit will eventually destroy the value of the dollar. So much for my safe harbor in cash.
https://www.americanthinker.com/art...and_that_democrats_will_destroy_america_.html
The Green New Deal, renewed regulations, Medicare for All, free college, as well as the 70-90% tax rates proposed by Democrats, will tank the stock market and US economic growth, leading to higher unemployment and reduced wage gains. All these programs require higher taxes and not just the soak the rich fantasy of the 70-90% rates. Most of the Democratic candidates have pledged to roll back the 2017 Republican tax cuts that fueled the renewal of economic growth in the US.
Open borders will flood the US with poverty stricken immigrants and their competition for jobs will depress wages. The social welfare needs of the immigrants will skyrocket government expenditures. So while taxes receipts are falling due to slower economic growth rates, expenditures will be rising, leading to increased government debt and consequently higher interest rates. If the Federal Reserve tries to keep interest rates low to prevent a deepening recession, then the increase in the money supply and the expanding deficit will eventually destroy the value of the dollar. So much for my safe harbor in cash.